Visible Gold Mines (CVE:VGD) Trading Down 20% – Here’s What Happened

Visible Gold Mines Inc. (CVE:VGDGet Free Report) fell 20% during mid-day trading on Saturday . The stock traded as low as C$0.16 and last traded at C$0.16. 312,100 shares changed hands during trading, an increase of 324% from the average session volume of 73,640 shares. The stock had previously closed at C$0.20.

Visible Gold Mines Trading Down 20.0%

The firm has a market cap of C$5.94 million, a price-to-earnings ratio of 2.67 and a beta of 2.24. The business has a fifty day moving average of C$0.15 and a two-hundred day moving average of C$0.12. The company has a debt-to-equity ratio of -25.18, a quick ratio of 1.56 and a current ratio of 0.10.

About Visible Gold Mines

(Get Free Report)

Visible Gold Mines Inc acquires and explores mineral properties in Canada. It primarily explores for gold and lithium deposits. The company was incorporated in 2007 and is based in Rouyn-Noranda, Canada.

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